Tuesday, December 19, 2006

Ericsson to Buy Redback Networks for $2.1 Billion

A Reuters newswire article, via Yahoo! News, reports that:

Telecommunications equipment maker Ericsson AB will buy data networking equipment vendor Redback Networks Inc. for $2.1 billion in cash, the companies said on Tuesday.

Once complete, the transaction would give Ericsson Redback's expertise in data-routing technology that helps service providers deliver broadband, telephone, television and services over networks using standard Internet infrastructure, San Jose, California-based Redback and Sweden's Ericsson said.

More here.


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